Business

North Koreans enjoyed the fastest improvement in their incomes for five years in 2016, Seoul's statistics agency has said -- but Southerners are still more than 20 times better off.

Binh Son Refining and Petrochemical Co Ltd (BSR), the operator of Dung Quat Refinery, will conduct Vietnam’s biggest-ever initial public offering (IPO) on January 17 next year, hoping to garner about 4 trillion VND (157.4 million USD) for State coffers.

The central city of Danang is calling for an investment of VND1.5 trillion (USD68 million) into the development of high-tech agriculture.

Russian Export Centre and E&N Group on December 14 opened Russian Gastro House in HCM City’s District 1 to help Russian companies introduce their products directly to Vietnamese customers.

E-commerce giant Amazon is proceeding with its ambitious business plan in Vietnam, following Alibaba’s footsteps, said Nguyễn Thanh Hưng, chairman of the Vietnam E-commerce Association (VECOM).

Uber currently owes nearly USD3.1million to the state budget. If Uber fails to ensure the payment deadline, HCM City Department of Taxation will consider further legal measures to settle the outstanding payments.

Fishing boats must have black boxes turned on and provincial chairman will be held responsible for the immediate solutions proposed in an attempt to improve EU's yellow card over illegal fishing activities.

Confidence among Japan's biggest manufacturers is at an 11-year high, a key central bank survey showed Friday, as the world's number-three economy picks up pace.

With a lack of supply and increasing rents in Ho Chi Minh City’s existing central business district, it is anticipated that those with large head office requirements will begin to consider the latter a viable alternative, according to JLL Vietnam.

A group of young people have successfully created a robot to serve at a coffee shop in Hanoi.

Đà Nẵng’s software park has been recognised as a centralised information technology centre – the third of its kind after two in Hanoi and HCM City – following Prime Minister Nguyễn Xuân Phúc’s decision on December 7.

The State Bank of Vietnam is collecting comments on a draft amendment to Decree No. 24 from 2012 on gold trading management, with the proposed elimination of business conditions for producing gold jewelry and fine arts being the prominent feature.

Vietnam has been ranked sixth among the world's most attractive retail markets and named in the top 30 most lucrative retail markets this year, said Hoang Anh Tuan, deputy head of the Ministry of Industry and Trade (MoIT)'s Domestic

The Ministry of Industry and Trade has concluded that some of the products under the Khaisilk brand contain no silk and have transferred the case to the police.

Overseas remittances to Ho Chi Minh City is expected to total US$5.2 billion this year, up 4.5% year-on-year, said an official of the State Bank of Vietnam (SBV).

Prime Minister Nguyen Xuan Phuc stressed the importance of the business community for Vietnam’s economic prospects in the next decades.

The Ho Chi Minh City Taxation Department has collected VND9.1bn (USD400,100) in tax arrears from a Facebook account that sells cosmetics online.

Though Vietnam is among the world’s top exporters of farming produces, 90 percent of the products are exported in the raw form with quality and value lower than many foreign rivals, said Minister of Agriculture and Rural Development Nguyen

Saudi Arabia said on Monday it will trim crude exports to Asian customers in January to help accelerate the rebalancing of the international oil market.